Palantir Technologies Inc. stock research
FY2025 Q2
Palantir Technologies (PLTR) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved from the prior quarter but was slightly weaker than the same quarter a year ago.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved from the prior quarter but was slightly weaker than the same quarter a year ago.
- The gross margin remained in a narrow range, reflecting a stable relationship between revenue and cost of revenue.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
80.8%
Gross profit
$810.8M
Revenue
$1.0B
Cost of revenue
$192.9M
Quarter-over-quarter change
+0.3 pts
Year-over-year change
-0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $725.5M | $578.9M | $146.6M | 79.8% |
| Dec 31, 2024 | $827.5M | $653.0M | $174.5M | 78.9% |
| Mar 31, 2025 | $883.9M | $710.9M | $173.0M | 80.4% |
| Jun 30, 2025 | $1.0B | $810.8M | $192.9M | 80.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.3 pts
Year-over-year change
Jun 30, 2024
-0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin remained in a narrow range, reflecting a stable relationship between revenue and cost of revenue.
Compared to the immediately preceding quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Monitor the trend in cost of revenue relative to revenue to assess whether gross margin stability persists.